USA Recording a short term loan against an endowment - NFP

[valster123]

Not-for-profit - How would you record a short term loan against an endowment fund (aside from the obvious of transferring from endowment to the operating cash fund)? Would it have to be separately stated on the statement of financial position?

 

[kirby]

Yes

 

[valster123]

To clarify. I would reduce the permanently restricted net asset for the loan amount and show the loan in the other current liabilities as it is a short term loan.

 

[valster123]

Yes

To clarify. I would reduce the permanently restricted net asset for the loan amount and show the loan in the other current liabilities as it is a short term loan.

 

[kirby]

Yes